This past weekend, NIO had its aptly named “NIO day” where the EV maker introduced its biggest battery pack ever. Today, investors rewarded NIO in kind with the company’s highest recorded stock price. $NIO hit $69.57 within the first 10 minutes of trading, and while that was the high of the day, $NIO still closed up 6.42%.
Here’s the daily chart:
Things only got more interesting from there— after the close, the company proposed offering $1.3B in convertible notes, with half due in 2026 and the other half due one year later. The stock was down 3% after hours.
If you get your investment advice from TikTok, you already know this is the stock to watch.